Estonia has notoriously been mentioned on the lists of the most innovative economies in the world. This Baltic country managed to become a leading tech hub by providing exceptional conditions for entrepreneurs for running their business. Estonia, inhabited by only 1,3M people, ranks 16th among 190 countries in the Doing Business World Bank ranking for 2019. But what is it that makes Estonia so startup-friendly? First of all - low taxes, secondly - digitalization of the bureaucracy. This combined led to a blossoming of this startup ecosystem and a growing number of incubators, funds, accelerators and unicorns like Transferwise or Taxify. Below you can find 6 promising Estonian startups to keep an eye on in 2020.
eAgronom
Location: Tartu, Estonia
Launch date: October 2016
Total funding received: € 1,9 mln
Funding Source United Angles VC, LIFT 99, Black Pearls VC, TMT Investments
eAgronom helps farmers reduce the paperwork connected to managing their property with special software that collects all the data and gives access to it in a convenient way. The program provides all kinds of useful information about their farms like an interactive map of all fields in the farm, optimal output of irrigation, fertilizers, nitrogen fertilization and more. eAgronom is present in 5 countries and its software is also available for Android and Apple iOS.
Hepta Airborne
Location: Tallinn, Estonia
Launch date: August 2017
Total funding received: € 650 k
Funding Source Contrarian Ventures
Hepta Airborne uses drones and other aerospace vehicles for maintenance and data collection from power lines. The solution makes data collection easier, faster and safer than ever before without involving humans in the process. Their own developed drones can fly for multiple hours in a single flight and get access to high places, difficult and dangerous to reach by humans. Innovative big data technology is used to collect and analyze information for the energy industry. Hepta Airborne has signed commercial agreements for 1.4M€ in the first 4 months of activity. Right now about 90% of Estonian power lines are in their portfolio and the company operates in 8 countries.
WebTotem
Location: Tallinn, Estonia
Launch date: April 2017
Total funding received: €400 k
WebTotem is offering effective software that constantly monitors and removes any kind of malware. The highly scalable and cost-efficient solution significantly improves the security and credibility of any website. The services include domain and SSL monitoring, external scan, anti-virus, port scanner and more. Beside free monitoring services, WebTotem provides the first line of support and services to clients, collects footprints and traces of cyber attacks and sells this data to the national certs, hosting and telecom providers.
Polisens.io
Location: Tallinn, Estonia
Launch date: April 2017
Total funding received: € 150 k
Funding Source Startup Sesame, Katapult Accelerator, Startup Wise Guys
Pollution monitoring had never been as simple and effective before Polisens.io introduced their product, which exploits modern sensing technologies and IoT by providing near-real-time measurements for about 90% of city space. It is possible thanks to the sensors (compatible with GPS and GSM technology) that are installed on public transportation or other vehicles. The software creates heat maps, reports and suggests the best solutions for air pollution in specific city areas. Polisensio has already had few successful pilots and landed first investors.
Gelatex Technologies
Location: Tallinn, Estonia
Launch date: November 2016
Total funding received: € 372 k
Funding Source Techstars, Climate-KIC
Nowadays, when eco-friendly products are growing more popular than ever, Estonian startup Gelatex Technologies found an interesting solution focusing on recycling waste (gelatin) from meat industries to produce ecological, high-quality leather-like material that doesn’t cause allergies or pollution, unlike 95% of leather on the market. The entire process is easily scalable, the material costs up to 50% less than genuine leather and the production is 16 times faster than the production of chrome-tanned leather.
BaseTracK
Location: Tallinn, Estonia
Launch date: September 2018
Total funding received: N/A
Funding Source: N/A
BaseTracK introduces new AI-supported vehicle automation technology - a software compatible with any kind of existing ADAS systems, pre-installed sensors or algorithms. The concept makes travelling safer in difficult weather conditions and cheaper, saving up to 20% of fuel. The solution is about creating “virtual rails” - the optimal driving route which can be used for transport companies to reduce costs and to increase the performance of professional racing drivers.
Want to discover more interesting startups from other countries? Check out the list below. Top Startups from:
- Austria
- Belgium
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- France
- Finland
- Germany
- Greece
- Hungary
- Italy
- Latvia
- Lithuania
- Luxembourg
- Netherlands
- Norway
- Poland
- Romania
- Serbia
- Slovakia
- Slovenia
- Sweden
- Türkiye
- United Kingdom
- Western Balkans
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